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The RBI simultaneously buys longer-end bonds from the market while selling shorter-dated treasury bills of the same quantum, similar to the Federal Reserve-style ‘Operation Twist’.To get more news about WikiFX, you can visit wikifx official website.
The government has been a massive borrower from the domestic bond market to fund its coronavirus pandemic-related spending amid a fall in revenues due to weak demand in the economy.
The RBI said it would buy 200 billion rupees of bonds while also selling an equivalent amount of treasury bills through two tranches in two special open market operations on Aug. 27 and Sept. 3.
Bond yields have risen in eight out of the last nine trading sessions, rising 22 bps in just the last two sessions to Monday. On Tuesday, the benchmark 10-year bond yield dropped as much as 9 bps after the special OMO announcement.
“They (RBI) came because all other auctions could have failed,” said Murthy Nagarajan, head of fixed income at Tata Asset Management.
“There is a disconnect. RBI intervention was expected when 10-year was at 5.90%-6.0%, they did not come in, which led to this problem. RBI will need to do two more ‘Operation Twist’ for the market to settle down,” he added.
Bond market sentiment had turned bearish after the RBI kept rates on hold on August 6, with future rate cut bets further dampened after the hawkish minutes of the meeting released last week.
Traders expect the 10-year bond yield to move in a 6.05% to 6.30% range during the week.
The partially convertible rupee was trading at 74.38 per dollar compared with its close of 74.31 on Monday.
“We are excited to announce that we are now selling Powerball and Mega Millions tickets online,” said Pennsylvania Lottery Executive Director Drew Svitko.
“Selling lottery tickets online is a big part of our effort to appeal to new customers and meet our players where they already are — which is online.”
Players can purchase the tickets online the same way they would at a standard Lottery retailer with the option of choosing their own numbers and purchasing multiple tickets.
In order to play, however, players must create an iLottery account and deposit funds into it before making any ticket purchases.
Players must be 18 years of age or older to play, and new account holders will be required to verify their age and identity.
“By law, online lottery players must be physically located in the state of Pennsylvania to play for money and win prizes,” Svitko noted. “As with all Lottery games, we urge players to play responsibly and always within their means.”
The iLottery platform also features settings that promote responsible play in which players can set time limits, deposit limits and spend limits.
Lottery players can download the official PA Lottery app on their computer or mobile device.
The winning ticket was sold at a 7-Eleven store located at 5215 Sheridan Drive. The New York Lottery says the ticket is worth $65,695.50.
According to the New York Lottery, Take 5 winners may claim their prize up to one year from the date of the drawing.
A top-prize winning Take 5 ticket for Sunday's drawing was sold in Buffalo, the New York Lottery announced Monday.
The winning ticket was sold at Fillmore Mini Mart in Buffalo's Fillmore-Leroy neighborhood. When redeemed, the winning ticket will be worth $18,620.50 before taxes.
Two other winning tickets, worth the same amount, were sold in Lowville and Wading River. The winners have one year from the date of the drawing to redeem their tickets.
By moving online, proponents say the Lottery could recover year-over-year losses that numbered around 20 percent in April, lessening the financial shock on cities and towns that need Lottery aid to balance their budgets.
But if customers prefer playing the Lottery online over purchasing tickets in stores, the small businesses that take a 5 percent cut from each sale – and an additional 1 percent from the winnings - could suffer tremendously, said Jay Patel, who owns 14 gas stations and seven liquor stores in Massachusetts, all of which sell Lottery products.
Patel’s convenience stores rely increasingly on Lottery sales to survive, with the state restricting sales of mentholated and vaporized cigarettes as well as energy drinks.
But State Sen. Mike Brady, Brockton’s sole representative in the Massachusetts Senate, said Lottery revenue is simply too important to rule out online gambling.Brady, a Democrat and former Brockton city councilor, said the results could be disastrous if the city suffers a large reduction in aid. He hopes to offset online gambling’s negative effect on small businesses by requiring online players to collect winnings at stores and legalize video gaming terminals, which can be installed inside businesses.
Gerry Cassidy, one of Brockton’s three representatives in the Massachusetts House, said a significant drop in Lottery aid would mean Brockton has less money for teachers, police officers and firefighters.State Rep. Claire Cronin, a Democrat whose district includes parts of Brockton and Easton, said legislators should not look to online gambling as a saving grace during the budget crisis created by the coronavirus.
Though New Hampshire and Rhode Island have moved portions of their lottery systems online during the pandemic, Cronin said Massachusetts needs a long period of research and review before beginning a transition.
That hasn’t stopped Gov. Charlie Baker’s administration from taking early steps toward legalizing online gambling. Baker included language in his fiscal year 2021 budget proposal that would allow players to purchase lottery products using smartphone apps. Baker’s budget remains in the House Ways and Means Committee.
State Treasurer Deborah Goldberg’s office filed a standalone bill in 2019 to create an online lottery system, but lawmakers have not acted on it since holding a hearing in July where some retailer groups expressed concerns about the small-business impacts of shifting sales to the internet.
The executive director of the Virginia Lottery, Kevin Hall, said the upcoming launch makes Virginia the seventh US state to offer lottery games online. He added that the new offering allows the lottery to meet customers “where they already are, and where they expect to find us: online.”
The state government will use revenue from these online sales to provide further resources for the K-12 public schools in Virginia. Retail lottery sales will still continue in over 5,100 stores across the state. Previously, people in the state could only buy online subscriptions to large-draw ticket games like Mega Millions. The beginning of this offering on July 1 is the earliest-possible launch day that the legislation allows. Instant-win games will be similar to scratch cards, with new options to be added to the website on a regular basis.
The mobile app for the Virginia Lottery was created by its lottery partner International Game Technology (IGT). It was originally meant for use in retail stores that offered lottery sales, but is now being updated to allow for the new products. The app will not be completed in time for the July 1 launch, which means customers will have to rely on the website for the time being. There has been a large push for gambling expansion in Virginia in recent years, leading it to become the second state to legalize sports betting in 2020. The recently passed measure only allows online sportsbooks, with such offerings still waiting to launch following Governor Ralph Northam’s approval in April 2020. Legislation allowing the construction of five casinos in different cities in the state also got the go-ahead.
Mitchell is a certified nursing assistant and lives in Wentworth, North Carolina, a short drive away from Gondals on Morehead Avenue in Ridgeway.
Mitchell said she likes the drive from her home to play the Virginia Lottery in Henry County.
This time she purchased a 10x money ticket and came away with the top prize.
Julia was the fourth person to claim the top prize, so that means there are three more winning tickets still out there.
The chances of winning the top prize are 1 in 1.57 million and the chances of winning any price in the game are 1 in 4.26.
Mitchell said she plans to buy a new truck with her winnings and is looking at pontoon boats.A winning $100,000 Palmetto Cash 5 lottery ticket was bought at the Publix grocery store off Whiskey Road.
The Palmetto Cash 5 ticket matched all the numbers – 13, 15, 21, 28, and 31 – drawn Monday night.The S.C Education Lottery is urging people to check their tickets; the winner has 180 days to claim the cash.
The odds of winning $100,000 playing Palmetto Cash 5 are 1 in 501,942, according to a related announcement from the lottery.
Asia’s rise has been swift. Home to more than half of the world’s population, the region has climbed up nearly every key development indicator within a single generation. By 2040, Asia is likely to generate more than 50% of world GDP, and could account for nearly 40% of global consumption.To get more news about Best MBA program in China, you can visit acem.sjtu.edu.cn official website.
For any young Australian executive hoping to ride this inexorable wave and build a career in the heart of Asia and beyond, an MBA at the University of Hong Kong (HKU) is the perfect launching pad. The full-time HKU MBA is an intensive one year programme with three tracks – London, New York and Hong Kong/China – designed to provide students with a learning experience that delivers, real-world knowledge, a deep understanding of international business and the cultural differences and nuances required to succeed in business in Asia. Representatives of HKU are coming to Australia in January to meet potential students and provide an overview of the opportunity.
Representatives will be in Sydney on January 13 and 14 and in Melbourne on January 15 and 16. One of the key attractions of the HKU MBA is its location in the centre of Asia’s long-standing economic heartland. The rapid ascent of Asia as the focal point for global business has created tremendous opportunities for individuals hoping to ride the Asian economic wave. While other parts of the world may remain apprehensive about their economic futures, Asia has become a market leader of confidence and prosperity.
As the oldest tertiary institution in Hong Kong, HKU now has more than 220,000 alumni at the forefront of local and international business. HKU is the number one ranked university in Hong Kong and 25th in the world (QS World University Rankings 2020). The HKU MBA Has ranked number one in Asia for nine consecutive years by the influential The Economist magazine.
In a surprising move, the most recent U.S. News & World Report ranking put China’s Tsinghua University ahead of the United States’ Massachusetts Institute of Technology as the world’s best engineering school. Together with the news that Chinese scientist Tu Youyou won the Nobel Prize in medicine, Tsinghua University’s ranking has led people to debate the rise of China’s educational system and its soft power.To get more news about best university in china for mba, you can visit acem.sjtu.edu.cn official website.
Maybe one should be not surprised by Tsinghua’s success at all. It is not just Tsinghua that is moving upwards: several Chinese universities have surpassed traditional elite universities in Europe and Asia. Indeed, as the U.S. News & World Report’s Best Global Universities Rankings show, among the top 750 universities around the world, China has 65. Moreover, Chinese universities occupy five positions among the top 10 Asian universities ranked by the report. Chinese universities are expected to enter the global top 10 list in coming decades. As one Australian education expert explains, “When more Chinese journals are indexed by Thomson Reuters and when four million Chinese researchers start to cite one another, then we can expect Chinese universities to rapidly improve their position on various rankings.”
It’s not just paper citations that push Chinese universities upward. Prestigious Chinese universities’ global influence is rising fast too. For example, Tsinghua University has launched the Schwarzman Scholars program, with an aim to train the next generation of global leaders whose success must depend on a good understanding of “China’s role in global trends.” Already, 3,000 of the best and brightest from around the world have applied for the program and only about 100 would be selected, thus making the program one of the most competitive of its kind in the world. Tsinghua University is not alone in this regard. Peking University has also announced its own program, called the Yenching Academy, which is already offering 10 English courses in the fall of 2015.
Yenching Academy shares the Schwarzman program’s goal, which is to train the next generation of global leaders. The shared assumption of these two prestigious programs is that a global leader cannot be an effective leader without a deep understanding of China and its role in the world. It would be misleading to just focus on Tsinghua and Peking as we examine the rising influence of Chinese universities. Indeed, Tsinghua is most famous for its science and engineering departments and this is why it is often called “China’s MIT.” Peking University has a long and proud tradition within Chinese higher education, as it has always been at the center of the country’s social and political developments since its establishment in 1898. Another university that is quietly rising in the rankings is Renmin University of China, which is often less noticed due to its strong focus on social sciences rather than science fields. Indeed, if one only ranks social science, Renmin University is arguably China’s best university, even surpassing Peking University. For example, in 2015, Renmin University won 50 projects sponsored by the National Social Science Fund, the most among all institutes of higher education. Several departments at Renmin University, including history, law, and international relations, are often ranked number one in China. In recent years, Renmin University has also increased its international profile through its think tank efforts, evidenced by the Chongyang Institute under the leadership of its president, Chen Yulu.
Other notable examples of rising Chinese universities include Fudan University in Shanghai and Sun Yat-sen University in Guangzhou. All the above-mentioned universities have significantly increased their research funding for the coming decade. To be sure, it would be misleading to judge a university’s quality solely by looking at the rankings. Still, one can argue that the rise of Chinese universities is not a surprising development, given the overall rise of China in the past three decades. Chinese universities still have a lot of catching up to do when compared with their American counterparts, especially with regards to independent thinking and autonomy. But don’t be surprised if you see some of them topping Harvard some day in the future.
